Anonymous
Anonymous asked in Politics & GovernmentPolitics · 7 months ago

Trump and GOP promised economic growth much better than Obama’s. What happened?

Their Tax plan did not do anything that was promised....instead of huge growth we got exactly what the Economic experts said Huge Deficits. 2 trillion more!!

. The Commerce Department’s Bureau of Economic Analysis measured 2018 growth at 2.9 percent, matching the peak Obama enjoyed in 2015.

Update:

Throughout the 2016 campaign and since, the president and his party have vowed to kick-start tepid Obama-era economic growth. Specifically, they insisted tax cuts and deregulation would return growth to its post-World War II average of 3 percent — a level, candidate Trump said derisively, that President Barack Obama became “the first president in modern history” never to reach in a single year.

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  • Pat
    Lv 7
    7 months ago
    Best Answer

    You are so right. But Fox keeps them brainwashed. Here's the truth:

    40% of Americans can't cover a $400 emergency expense - Business

    https://money.cnn.com/2018/05/22/pf/emergency-expe...

    “In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have most likely flowed to the highest –paid tier of workers.”

    For most U.S. workers, real wages have barely budged in decades

    https://www.pewresearch.org/fact-tank/2018/08/07/f...

    Average Americans can’t afford a home in 70 percent of the country

    https://www.cbsnews.com/news/housing-market-2019-a...

    “Middle class incomes have been stagnant for years. Income inequality has gotten worse. Forty percent of American workers earn less than $15 an hour, and about 5% of full-time American workers earn the minimum wage or less, which is certainly not a living wage . . . Simply put, the social needs of far too many of our citizens are not being met.”

    JPMorgan Chase & Co. Annual Report 2018

    https://reports.jpmorganchase.com/investor-relatio...

    • koalatcomics
      Lv 7
      7 months agoReport

      lmfao...rofl...fofl...total snowflake delusion. FACT under Obama highest REAL unemployment rate since ww2. FACT 1 out of 7 families on some type of assistance FACT no federal budget for 5 years plus FACT 50.2% of americans paid no income tax at all, and this is the lunacy you want. that's asinine

  • 7 months ago

    I voted for him and regret it.

  • GiGi
    Lv 5
    7 months ago

    Blah, blah, blah. People vote with their wallets and I had to get a bigger one once Trump got into office. You can show all the "stats" you want, but my personal finances are much better.

  • 7 months ago

    and im sure being the good little brainwashed Clinton worshipper you are, you sent your tax cut back, right? to the math you p.o.s. under OBAMA 49.8% of americans paid tax. do you understand 49.8% is more than 1%? go crawl back under your rock.

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  • 7 months ago

    We got had.

  • Sam
    Lv 7
    7 months ago

    He lied.

  • 7 months ago

    The economy is booming. You didn't know that?

  • Anonymous
    7 months ago

    What happened was that Trump and GOP are liars whose only goal is to make the rich even richer. Apparently their supporters are endlessly gullible and will fall for any line of bullshit at all, no matter how obviously false it is to thinking people.

    • koalatcomics
      Lv 7
      7 months agoReport

      you mean like lying about Benghazi, fast and furious, Solyndra and the unaffordable care act? oh, wait, that was Obama...JACKASS.

  • Susie
    Lv 6
    7 months ago

    Unsustainable, expensive Obamacare is still costing taxpayers money. And will continue to cost more in future years. You libs talk out of both sides of your mouths. Bit&@, whine, and cry about every single thing AND THEN obstruct every single thing he tries to do. You think it’s fun and games but this is YOUR future in jeopardy. Wake up and stop drinking the liberal koolaid or you may just get what you now say want. Liberals love to say “we want illegals, we have open arms”, and liberal judges stop deportations...and now that they may be sent to your sanctuary cities, you are all upset about it and don’t want it. Your hypocrisy and obstruction are blatantly obvious.

  • Myrtle
    Lv 5
    7 months ago

    The tax plan worked as they planned, it made the rich richer! Trump is and always has been a lying gas bag. Why do you think he is hiding his income tax returns....he lies.

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